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20121201
20121231
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WHUT (Howard University Television) 1
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around the world are concerned about it. it used to be the case that they were more concerned about the eurozone than the fiscal cliff. now things have changed. they often ask about it and its resolution. >> what do you think the impact could be globally? we're looking at a time when the global recovery is fragile at best. >> the u.s. is about 20% of the global economy. if the u.s. suffers as a result of the fiscal cliff, a complete wiping out of its growth, it is going to have repercussions around the world. if the u.s. economy has two% less growth, it will probably be a 1% less growth in mexico, canada, in europe, and japan. there will be ripple effects. >> are you worried about this? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. to have that large player virtually shut in a recession would be bad news for the rest of the world. we do not think that's at the moment. we do not want to have this effect on a french our recovery. >> what would your message be to members of both parties on capitol hill and to th
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